CITY OFFICE REIT INC (CIO) Stock Fundamental Analysis
USA - NYSE:CIO - US1785871013 - REIT
6.95 USD
-0.01 (-0.14%)
6.93 USD
-0.02 (-0.29%)
Taking everything into account, CIO scores 3 out of 10 in our fundamental rating. CIO was compared to 130 industry peers in the Diversified REITs industry. CIO scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. CIO has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year CIO has reported negative net income.
CIO had a positive operating cash flow in the past year.
In multiple years CIO reported negative net income over the last 5 years.
In the past 5 years CIO always reported a positive cash flow from operatings.
1.2 Ratios
CIO's Return On Assets of -9.62% is on the low side compared to the rest of the industry. CIO is outperformed by 90.77% of its industry peers.
The Return On Equity of CIO (-20.78%) is worse than 83.08% of its industry peers.
CIO's Return On Invested Capital of 1.55% is on the low side compared to the rest of the industry. CIO is outperformed by 74.62% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CIO is in line with the industry average of 3.02%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.62% | ||
| ROE | -20.78% | ||
| ROIC | 1.55% |
ROA(3y)-0.59%
ROA(5y)5.55%
ROE(3y)-1.18%
ROE(5y)10.12%
ROIC(3y)1.69%
ROIC(5y)1.79%
1.3 Margins
With a Operating Margin value of 15.18%, CIO is not doing good in the industry: 64.62% of the companies in the same industry are doing better.
CIO's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 60.44%, CIO is not doing good in the industry: 66.92% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of CIO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.18% | ||
| PM (TTM) | N/A | ||
| GM | 60.44% |
OM growth 3Y-7.81%
OM growth 5Y-2.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.77%
GM growth 5Y-1.27%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CIO is destroying value.
CIO has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CIO has less shares outstanding
CIO has a worse debt/assets ratio than last year.
2.2 Solvency
CIO has an Altman-Z score of 0.52. This is a bad value and indicates that CIO is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.52, CIO is in line with its industry, outperforming 53.85% of the companies in the same industry.
CIO has a debt to FCF ratio of 41.21. This is a negative value and a sign of low solvency as CIO would need 41.21 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 41.21, CIO is doing good in the industry, outperforming 67.69% of the companies in the same industry.
CIO has a Debt/Equity ratio of 1.05. This is a high value indicating a heavy dependency on external financing.
CIO's Debt to Equity ratio of 1.05 is in line compared to the rest of the industry. CIO outperforms 58.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 41.21 | ||
| Altman-Z | 0.52 |
ROIC/WACC0.24
WACC6.36%
2.3 Liquidity
A Current Ratio of 2.42 indicates that CIO has no problem at all paying its short term obligations.
CIO has a better Current ratio (2.42) than 86.92% of its industry peers.
CIO has a Quick Ratio of 2.42. This indicates that CIO is financially healthy and has no problem in meeting its short term obligations.
CIO has a Quick ratio of 2.42. This is amongst the best in the industry. CIO outperforms 86.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.42 | ||
| Quick Ratio | 2.42 |
3. Growth
3.1 Past
CIO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -780.56%.
Looking at the last year, CIO shows a decrease in Revenue. The Revenue has decreased by -3.69% in the last year.
CIO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.83% yearly.
EPS 1Y (TTM)-780.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1800%
Revenue 1Y (TTM)-3.69%
Revenue growth 3Y1.43%
Revenue growth 5Y1.83%
Sales Q2Q%0%
3.2 Future
CIO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.23% yearly.
The Revenue is expected to grow by 2.35% on average over the next years.
EPS Next Y-177.75%
EPS Next 2Y13.64%
EPS Next 3Y12.23%
EPS Next 5YN/A
Revenue Next Year-0.88%
Revenue Next 2Y1.3%
Revenue Next 3Y2.35%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
CIO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year CIO is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CIO is valued a bit cheaper than the industry average as 78.46% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, CIO is valued a bit cheaper than 79.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.86 | ||
| EV/EBITDA | 10.53 |
4.3 Compensation for Growth
A more expensive valuation may be justified as CIO's earnings are expected to grow with 12.23% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y13.64%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.75%, CIO is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.00, CIO has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.43, CIO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
5.2 History
The dividend of CIO decreases each year by -10.58%.
CIO has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-10.58%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of CIO are negative and hence is the payout ratio. CIO will probably not be able to sustain this dividend level.
DP-18.39%
EPS Next 2Y13.64%
EPS Next 3Y12.23%
6.95
-0.01 (-0.14%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners63.67%
Inst Owner Change0%
Ins Owners4.33%
Ins Owner Change0%
Market Cap280.50M
Analysts71.11
Price Target6.55 (-5.76%)
Short Float %0.64%
Short Ratio0.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
Yearly Dividend0.59
Dividend Growth(5Y)-10.58%
DP-18.39%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1198.68%
Min EPS beat(2)-2408.25%
Max EPS beat(2)10.89%
EPS beat(4)2
Avg EPS beat(4)-651.41%
Min EPS beat(4)-2408.25%
Max EPS beat(4)10.89%
EPS beat(8)4
Avg EPS beat(8)-335.39%
EPS beat(12)7
Avg EPS beat(12)-258.23%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.07%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)-0.85%
Revenue beat(4)0
Avg Revenue beat(4)-1.34%
Min Revenue beat(4)-2.8%
Max Revenue beat(4)-0.44%
Revenue beat(8)1
Avg Revenue beat(8)-1.18%
Revenue beat(12)3
Avg Revenue beat(12)-0.7%
Revenue beat(16)6
Avg Revenue beat(16)0%
PT rev (1m)0%
PT rev (3m)5.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.52%
EPS NY rev (1m)43.36%
EPS NY rev (3m)-331.65%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.66 | ||
| P/FCF | 17.86 | ||
| P/OCF | 5.34 | ||
| P/B | 0.46 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 10.53 |
EPS(TTM)-3.17
EYN/A
EPS(NY)-0.44
Fwd EYN/A
FCF(TTM)0.39
FCFY5.6%
OCF(TTM)1.3
OCFY18.73%
SpS4.18
BVpS15.24
TBVpS14.61
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.62% | ||
| ROE | -20.78% | ||
| ROCE | 1.97% | ||
| ROIC | 1.55% | ||
| ROICexc | 1.58% | ||
| ROICexgc | 1.61% | ||
| OM | 15.18% | ||
| PM (TTM) | N/A | ||
| GM | 60.44% | ||
| FCFM | 9.3% |
ROA(3y)-0.59%
ROA(5y)5.55%
ROE(3y)-1.18%
ROE(5y)10.12%
ROIC(3y)1.69%
ROIC(5y)1.79%
ROICexc(3y)1.72%
ROICexc(5y)1.83%
ROICexgc(3y)1.79%
ROICexgc(5y)1.9%
ROCE(3y)2.14%
ROCE(5y)2.27%
ROICexcg growth 3Y-4.09%
ROICexcg growth 5Y-6.09%
ROICexc growth 3Y-3.25%
ROICexc growth 5Y-5.38%
OM growth 3Y-7.81%
OM growth 5Y-2.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.77%
GM growth 5Y-1.27%
F-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 41.21 | ||
| Debt/EBITDA | 7.49 | ||
| Cap/Depr | 60.68% | ||
| Cap/Sales | 21.81% | ||
| Interest Coverage | 0.74 | ||
| Cash Conversion | 60.84% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.42 | ||
| Quick Ratio | 2.42 | ||
| Altman-Z | 0.52 |
F-Score5
WACC6.36%
ROIC/WACC0.24
Cap/Depr(3y)52.99%
Cap/Depr(5y)267.48%
Cap/Sales(3y)18.45%
Cap/Sales(5y)93.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-780.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1800%
EPS Next Y-177.75%
EPS Next 2Y13.64%
EPS Next 3Y12.23%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.69%
Revenue growth 3Y1.43%
Revenue growth 5Y1.83%
Sales Q2Q%0%
Revenue Next Year-0.88%
Revenue Next 2Y1.3%
Revenue Next 3Y2.35%
Revenue Next 5YN/A
EBIT growth 1Y-9.87%
EBIT growth 3Y-6.49%
EBIT growth 5Y-1.18%
EBIT Next Year231.49%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-23.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.4%
OCF growth 3Y-7.01%
OCF growth 5Y3.53%